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3412 192nd St 2,400 SF 1% Leased Retail Building Flushing, NY 11358 $2,582,452 CAD ($1,076.02 CAD/SF) 4.57% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Great location in the intersection of Francis Lewis and 34th.
  • Conveniently located near shops, restaurants, parks, and schools.

EXECUTIVE SUMMARY

A completely remodeled office, plus 2 residential units, offers the perfect blend of residential and professional spaces. Situated on a 40'x100' lot with a building size of 26.5'x52' and zoned R5B, it’s ideal for investors, business owners, or families seeking versatility, and allows the owner to add one more floor above the current structure. The building was completely remodeled 3 years ago, with new wiring, new plumbing, new AC, new furnace, new floor, new kitchen, and new bathroom. You won't face any major upgrades in the following years. The first floor features a spacious office space, perfect for a law office, medical practice, or other professional use. The second floor features two well-designed residential units, each with one bedroom, one bathroom, a cozy living room, and a functional kitchen, offering excellent rental income potential. Outdoor amenities include a 3-car driveway and a generous backyard, perfect for relaxing, entertaining, or gardening. Conveniently located near shops, restaurants, parks, and schools, this property offers easy access to the Q28 and Q76 bus lines, as well as the Auburndale LIRR station. This is a rare opportunity to own a property that combines business and residential living. Lease for Office Space also available. The rent roll Possible : 1st floor $6500/m, 2nd floor $4600/m, Contact Clara Jeong 929-312-0250

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,400 SF
Building Class
C
Year Built
1970
Price
$2,582,452 CAD
Price Per SF
$1,076.02 CAD
Cap Rate
4.57%
NOI
$118,110 CAD
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.09 AC
Zoning
R5B - Mix Use commercial/Residential Property in R5B zoning with S2 Classification.
Parking
2 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
47’ on 192nd St

AMENITIES

  • Signage
  • Storage Space
  • Fiber Optic Internet
Walk Score®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Powerhouse Gym
Starbucks
Chase Bank
The Little Gym
Bonchon
Jenny Craig Weight Loss Center
Flagstar
TD Bank
Flushing Bank
Bank of Hope

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05260-0015
Land Assessment
$14,626 CAD
Improvements Assessment
$63,092 CAD
Total Assessment
$77,718 CAD
  • Listing ID: 37561013

  • Date on Market: 2024-10-02

  • Last Updated:

  • Address: 3412 192nd St, Flushing, NY 11358

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